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Last Friday, The SPX index was down by 0.41% as investors shift focus to upcoming US manufacturing PMI data for further economic indicators. The broader cryptocurrency market was up, with Bitcoin and Ether rising by 1.28% and 2.06%, respectively in the past 24 hours.
Today's top performer is ENS, which surged 30.0% following the unveiling of its new brand at the exclusive event in Brussels on July 8, 2024.
Ethereum Name Service (ENS), launched in May 2017,is a blockchain-based domain system on Ethereum, turning complex addresses into simple names, similar to DNS. It is secure, decentralized, and governed by its token holders. ENS is hosting a special event in Brussels on July 8th to unveil their new brand, coinciding with the ETHCC conference. The "ENS Rebranding Unveiled: Brussels Celebration" will take place from 12pm to 5pm at Rue Jacques de Lalaing 29, 1040 Bruxelles, Belgium. Attendees will have the opportunity to network with builders, ENS Labs and DAO members, and the broader community. The event will feature coffee, food, and beverages, along with exclusive limited edition merchandise showcasing the new brand. This event promises an exciting day for those involved in shaping the future of ENS.
Stripe and Coinbase have partnered to enhance global crypto adoption and improve financial infrastructure. Through this collaboration, Stripe will integrate USDC on Base into their crypto payouts and fiat-to-crypto onramp products, facilitating faster and cheaper money transfers across 150 countries. Concurrently, Coinbase will incorporate Stripe’s onramp into Coinbase Wallet, enabling instant crypto purchases with credit cards and Apple Pay. This partnership aims to leverage Base's efficient, low-cost Layer 2 network to offer unrestricted, low-friction financial services globally, supporting the broader adoption and utility of cryptocurrencies.
Date | GBTC (M USD) | Non-GBTC (M USD) | Total (M USD) |
24 June 2024 | (90.4) | (84.1) | (174.5) |
25 June 2024 | (30.3) | 61.3 | 31.0 |
26 June 2024 | 4.3 | 17.1 | 21.4 |
27 June 2024 | (11.4) | 23.2 | 11.8 |
28 June 2024 | (27.2) | 100.2 | 73.0 |
Total | (155) | 117.7 | (37.3) |
U.S. spot Bitcoin ETFs have recently rebounded with $137.2 million in net inflows over four days, starting June 25, led by notable inflows into Fidelity’s FBTC and Bitwise’s Bitcoin ETF. Despite this positive movement, Grayscale's GBTC experienced significant outflows. As of now, since launching in January 2024, these ETFs have amassed over $14.5 billion in net inflows, substantially contributing to Bitcoin's market growth. However, Bitcoin's price fell over 5% this week, possibly due to market pressures from anticipated Mt. Gox creditor repayments. Bitcoin's current price is $60,862.07, slightly underperforming against the broader crypto market downturn.
Analog has launched an incentivized testnet, offering a free airdrop to participants who engage with its suite of omni-chain interoperability protocols, which enhance Web3 data access and cross-chain communication. The project, backed by the Near Foundation and Wintermute among others, has raised $16M in funding. Participants can earn Analog Testnet Points (ATP) by completing quests on the testnet site and an additional campaign called "Intract x Analog Incentivized Odyssey" that ends on July 10th. ATP points will be distributed after the campaign concludes. To participate, users need to sign up at Analog's testnet site, connect an EVM-compatible wallet, and complete the specified quests.